Debt Snowball vs Avalanche Calculator
Compare the Debt Snowball and Debt Avalanche payoff strategies side by side. Enter your debts, add extra monthly payments, and see exactly when each debt is paid off and how much interest you save.
Your Debts
Payoff Strategy
Snowball: Pay off smallest balance first for quick wins and motivation.
Strategy Comparison
❄️ Snowball
3 yr 9 mo
Interest: $3,975
🏔️ Avalanche
3 yr 8 mo
Interest: $3,516
❄️ Snowball Payoff Timeline
| Debt | Paid Off | Interest Paid |
|---|---|---|
| Personal Loan | 1 yr 2 mo | $305.51 |
| Credit Card | 2 yr 8 mo | $1,904.90 |
| Car Loan | 3 yr 9 mo | $1,764.43 |
| Total | 3 yr 9 mo | $3,974.84 |
Debt-Free In
3 yr 9 mo
Total Interest Paid
$3,974.84
Bookmark this calculator
Save it for one-tap access or share it with someone who needs it.
How to Use the Debt Snowball vs Avalanche Calculator
Follow these steps to build your debt payoff plan.
- 1
Add your debts
Click "Add Debt" for each debt you have. Enter the name, current balance, annual interest rate, and minimum monthly payment.
- 2
Enter extra payment
Enter any additional amount you can put toward debt each month beyond the minimums. Even $50 extra makes a significant difference.
- 3
Choose your strategy
Select Snowball (lowest balance first) or Avalanche (highest interest rate first). The calculator shows results for both so you can compare.
- 4
Review the payoff timeline
See the order in which each debt is paid off, the payoff date, and total interest paid for each strategy.
- 5
Compare total interest
The summary shows total interest paid and months to debt-free for both strategies side by side.
Rate this calculator